Donley v. Youngstown Sheet and Tube Company

GRISSOM, Chief Justice.

Prior to June 6, 1951, C. C. Allmand and wife owned the royalty in controversy. On that day they executed an oil lease to Sohio Petroleum Company reserving a j4th royalty. On the same day they conveyed to *193E. H. R. Sabens, individually, an undivided 54th of said reserved 54th royalty for fifteen years. Sabens and W. Edward Lee each paid for and owned a one-half of said one-fourth of a one-eighth term royalty, which shall, for convenience, hereafter be referred to as a J4th royalty. Thereafter Sabens conveyed to Lee and his nominees Lee’s Yz interest. The last such…